May 15, 2025
Caribbean Producers Jamaica Limited (CPJ)
Unaudited Financials for the First Quarter Ended March 31, 2025:
All figures are stated in USD unless otherwise indicated.
Caribbean Producers Jamaica Limited (CPJ) reported a 22% increase in gross operating revenue, totaling US$45.97 million for the first quarter ended March 31, 2025, compared to US$37.83 million in the corresponding three months of the previous year.
Cost of Operating Revenue amounted to US$33.30 million (2024: US$26.25 million), representing a 27% year-over-year increase. Consequently, gross profit rose by 9% to US$12.67 million, compared to US$11.59 million for the first quarter ended March 31, 2024.
Selling and Administrative Expenses increased by 6% to US$7.93 million (2024: US$7.45 million), while Depreciation decreased by 2%, from US$1.22 million in 2024 to US$1.20 million for the three-month period. As a result, Other Operating Income for the first quarter amounted to US$1,364, a 97% decrease relative to US$52,242 reported in 2024.
Operating Profit for the three months amounted to US$3.48 million, a 20% increase compared to US$2.90 million reported in 2024.
Finance Income totaled US$310, a 15% increase from the corresponding period last year (2024: US$270), while Finance Cost for the first quarter ended March 31, 2025, amounted to US$1.03 million, a 15% increase relative to US$896,581 reported in 2024.
Profit Before Taxation for the three months increased by 22% to reach US$2.45 million (2024: US$2.00 million). Taxation for the period amounted to US$641,236 (2024: US$593,772). Net Profit for the three months amounted to US$1.81 million, a 29% increase from the US$1.41 million reported in 2024.
Consequently, Earnings Per Share (EPS) for the three months amounted to US$0.16 (2024: US$0.13). The twelve-month trailing EPS was US$0.63, and the number of shares used in these calculations was 1,100,000,000. Notably, CPJ’s stock price closed the trading period on May 14, 2025, at $8.02, with a corresponding P/E ratio of 8.03x.
Balance Sheet Highlights
The company’s assets totaled US$103.29 million (2024: US$101.86 million). This increase was attributable to Property, Plant and Equipment, which amounted to US$17.16 million (2024: US$13.48 million).
Shareholders’ Equity was US$39.99 million (2024: US$33.67 million), representing a book value per share of US$0.031 (2024: US$0.024).
Disclaimer:
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.